Farther Finance Advisors LLC Sells 3,654 Shares of Albertsons Companies, Inc. $ACI

Farther Finance Advisors LLC lowered its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 72.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,397 shares of the company’s stock after selling 3,654 shares during the period. Farther Finance Advisors LLC’s holdings in Albertsons Companies were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Albertsons Companies by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company’s stock valued at $821,869,000 after buying an additional 1,064,547 shares during the last quarter. LSV Asset Management raised its stake in shares of Albertsons Companies by 52.9% during the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock valued at $173,128,000 after purchasing an additional 2,724,576 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Albertsons Companies by 17.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,462,715 shares of the company’s stock valued at $120,102,000 after purchasing an additional 825,983 shares during the period. AQR Capital Management LLC increased its stake in Albertsons Companies by 1,601.1% in the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after acquiring an additional 4,451,250 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Albertsons Companies by 35.1% in the 1st quarter. Bank of New York Mellon Corp now owns 4,573,260 shares of the company’s stock worth $100,566,000 after acquiring an additional 1,189,103 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

ACI has been the subject of a number of research reports. JPMorgan Chase & Co. assumed coverage on Albertsons Companies in a report on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 price objective for the company. UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Albertsons Companies in a research report on Saturday, September 27th. Wells Fargo & Company reduced their target price on Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Roth Capital restated a “buy” rating and issued a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.81.

Albertsons Companies Price Performance

NYSE:ACI opened at $17.20 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $9.63 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.72 and a beta of 0.49. Albertsons Companies, Inc. has a 12 month low of $16.70 and a 12 month high of $23.20. The business’s 50-day moving average is $18.75 and its 200 day moving average is $20.60.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies’s payout ratio is presently 36.59%.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.